IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Document an incident response plan.

Insurance 89

Insurance Data breaches Risk Information Security 89

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.

Insurance 103

Insurance Security Cybersecurity Information Security 103

Hunton Privacy

JULY 1, 2022

Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. In addition to the monetary penalty of $5 million, NYDFS also accepted Carnival’s surrender of its insurance producer license; thus, Carnival has ceased selling insurance in New York.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Krebs on Security

FEBRUARY 20, 2024

The government says Russian national Artur Sungatov used LockBit ransomware against victims in manufacturing, logistics, insurance and other companies throughout the United States. In addition, the Japanese Police, supported by Europol, have released a recovery tool designed to recover files encrypted by the LockBit 3.0

Ransomware 257

Ransomware Encryption Insurance Manufacturing 257

Thales Cloud Protection & Licensing

MAY 9, 2022

government is recommending to ensure the operations of Critical National Infrastructure are not affected by ransomware attacks. Governments step up to protect all businesses. Government Towards a Zero Trust Architecture dictate U.S. Cyber insurance coverage ramps up. Encrypt sensitive data at rest, in motion and in use.

Insurance 71

Insurance Ransomware Encryption Authentication 71

eSecurity Planet

MAY 26, 2023

Confidential computing is a technology and technique that encrypts and stores an organization’s most sensitive data in a secure portion of a computer’s processor — known as the Trusted Execution Environment (TEE) — while it’s processed and in use. Most other encryption approaches protect data at rest and data in transit only.

Encryption 74

Encryption Cloud IoT Blockchain 74

Thales Cloud Protection & Licensing

NOVEMBER 9, 2021

Shared responsibility is about controlling your own security – anything from data encryption to managing the encryption keys. Having full control and access to the encryption keys places more trust and confidence on leveraging the powers of the cloud. This is exactly why organizations like Thales and Google are working together.

Cloud 123

Cloud Security Encryption Insurance 123

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA).

Data Privacy 139

Data Privacy Compliance Privacy Security 139

Krebs on Security

FEBRUARY 19, 2020

It is perhaps best known for selling virtual private networking (VPN) software that lets users remotely access networks and computers over an encrypted connection. Citrix provides software used by hundreds of thousands of clients worldwide, including most of the Fortune 100 companies.

Passwords 353

Passwords Access Insurance Government 353

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Insurance 86

Insurance Government Cybersecurity Risk 86

Security Affairs

OCTOBER 1, 2023

The threat actors also claim to have stolen over 27 TB of corporate data and encrypted the company’s VMWare ESXi virtual machines during the attack.” Immediately after detecting the intrusion, the company launched an investigation with the help of leading third-party cybersecurity experts and is also coordinating with its insurers.

Ransomware 118

Ransomware Insurance Cybersecurity Encryption 118

IT Governance

NOVEMBER 1, 2022

If you’re facing a cyber security disaster, IT Governance is here to help. Our Cyber Incident Response service provides the help you need to deal with the threat, as our experts guide you through the recovery process. They’ll review the breach, mitigate the damage and ensure that you are up and running again as soon as possible.

Data breaches 111

Data breaches Ransomware Insurance Phishing 111

eSecurity Planet

DECEMBER 7, 2023

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?

Encryption 97

Encryption IT Passwords IoT 97

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Insurance & claims management. Audit management.

Compliance 57

Compliance Risk Government Retail 57

Krebs on Security

OCTOBER 28, 2020

The Gunnebo Group is a Swedish multinational company that provides physical security to a variety of customers globally, including banks, government agencies, airports, casinos, jewelry stores, tax agencies and even nuclear power plants. The company has operations in 25 countries, more than 4,000 employees, and billions in revenue annually.

Ransomware 335

Ransomware Security Agriculture Cybersecurity 335

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Double extortion ransomware is a growing type of cyber-attack in which a victim’s sensitive data is first stolen, and then encrypted, giving the criminal the option of demanding two separate ransom payments. An additional 77% concur that governments should do more to assist private enterprises in defending against ransomware.

Ransomware 71

Ransomware Encryption Security awareness Cybersecurity 71

eSecurity Planet

OCTOBER 18, 2021

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. Cyber Regulations Could Bring Fairness.

Ransomware 90

Ransomware Insurance Digital transformation Cybersecurity 90

Thales Cloud Protection & Licensing

DECEMBER 22, 2020

New EU restrictions could force companies to change data transfer practices and adopt more advanced data encryption methods. As a result, data has become a critical asset for companies and governments alike, as well as the primary target for nefarious actors and nation states. Tue, 12/22/2020 - 10:08. Privacy Shield was unlawful.

Data Privacy 118

Data Privacy Privacy Security Encryption 118

IT Governance

OCTOBER 24, 2023

Breached organisation: BHI Energy, providing staffing solutions to the nuclear, fossil, wind, hydro and government energy markets. Incident details: The company found that data on its network had been encrypted without its knowledge. Breached organisation: American Family Insurance, headquartered in Wisconsin, US.

Data Privacy 107

Data Privacy Privacy Security Data breaches 107

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Once data is mapped, organizations make better decisions on how that data is governed and reduce their risk footprint.

Risk 123

Risk Cybersecurity Encryption Access 123

The Last Watchdog

OCTOBER 5, 2023

Byron: It’s gone from simple file encryption to multifaceted, multi-staged attacks that leverage Dark Web services, such as initial access brokers (IABs,) as well as make use of Living off the Land (LotL) embedded tools. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

Cybersecurity 190

Cybersecurity Privacy Cloud IoT 190

Security Affairs

JANUARY 6, 2019

The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. “ There’s five layers to go. Layer 1, 2, 3, 4, and fine finally Layer 5.

Insurance 110

Insurance Data breaches Sales Government 110

Security Affairs

SEPTEMBER 23, 2023

The command-and-control beacons allowed Royal to prepare the City’s network resources for the May 03, 2023, ransomware encryption attack.” . “During the surveillance period, Royal performed several actions to inject command and control software and established command-and-control beacons. ” continues the report.

Ransomware 95

Ransomware Encryption Systems administration Cybersecurity 95

eSecurity Planet

OCTOBER 5, 2021

The focus is on recovering deleted and encrypted files as quickly as possible. Determines the initial vector of infection, where your current data backups are, and the sensitivity of encrypted files. Data is recovered remotely or returned on encrypted media. Incident report for law enforcement and insurance. Proven Data.

Ransomware 135

Ransomware Encryption Cybersecurity Insurance 135

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Going beyond privacy regulation, governments are now making explicit cybersecurity recommendations. Centralize data security governance.

IoT 87

IoT Encryption Cloud Authentication 87

eSecurity Planet

FEBRUARY 16, 2021

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!! Statistics.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

IT Governance

JUNE 15, 2022

IT Governance identified more than 1,200 publicly disclosed data breaches in 2021 , while another report found that security incidents cost almost £3 million on average. Cyber Essentials is a UK government scheme that outlines five key controls, including patch management, that can prevent up to 80% of cyber attacks. Ransomware.

Risk 144

Risk Security Passwords Phishing 144

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Customer data, which was encrypted, was reported to be unaffected.

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Going beyond privacy regulation, governments are now making explicit cybersecurity recommendations. Centralize data security governance.

IoT 71

IoT Encryption Cloud Compliance 71

Security Affairs

JUNE 20, 2019

. “The Riviera Beach City Council voted unanimously this week to pay the hackers’ demands, believing the Palm Beach suburb had no choice if it wanted to retrieve its records, which the hackers encrypted.” “The payment is being covered by insurance.” ” reported the Associated Press.

Insurance 82

Insurance Ransomware Encryption Government 82

IT Governance

JULY 11, 2019

That way, when crooks encrypt your systems, there’s no need to worry. This might seem futile – the police will almost certainly be unable to recover your data, let alone catch the crooks – but evidence of the attack is necessary for filing a cyber insurance claim. If you don’t already have cyber insurance, it’s worth considering.

Ransomware 99

Ransomware Insurance Encryption Paper 99

Information Governance Perspectives

MARCH 20, 2020

I was recently interviewed for an article on Data Governance & Privacy for a number of periodicals including Info Risk Today on “Data Governance: How to Tackle 3 Key Issues: The Importance of Accountability, Data Inventory, and Automation. What are the two main challenges of data governance?

Government 40

Government Privacy Compliance Digital transformation 40

Security Affairs

APRIL 6, 2020

The images include scans of government-issued IDs, retail club membership and loyalty cards, NRA membership cards, gift cards, credit cards with all details exposed (including CVV), medical insurance cards, medical marijuana ID cards, and more. ” continues the report.

Retail 101

Retail Encryption Insurance Passwords 101

IT Governance

MARCH 1, 2023

IT Governance is dedicated to helping organisations tackle the threat of cyber crime and other information security weaknesses. Million Records Breached appeared first on IT Governance UK Blog. Million Records Breached appeared first on IT Governance UK Blog.

Data breaches 130

Data breaches Ransomware e-Delivery Government 130

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

Ransomware 138

Ransomware Cybersecurity Phishing Encryption 138

IT Governance

AUGUST 12, 2020

It was later reported that the REvil ransomware gang encrypted more than 5GB of sensitive data and demanded $6 million (about £4.6 The post Ransomware victim Travelex forced into administration appeared first on IT Governance UK Blog. million) for its return. Paying the ransom doesn’t solve your problems.

Ransomware 122

Ransomware Insurance Paper GDPR 122